Fluor Corp trims NuScale Power (SMR) stake with 13.5M-share sale

Rhea-AI Filing Summary

Fluor Corporation, a major shareholder and director of NuScale Power Corp, reported an open-market sale of 13,500,000 shares of Class A Common Stock at $12.0665 per share. The filing states the sale was made pursuant to a previously disclosed agreement.

After this transaction, an affiliated subsidiary, Fluor Enterprises, Inc., beneficially owns 26,436,472 shares of NuScale Power Class A Common Stock indirectly. This represents a substantial but partial reduction of Fluor’s indirect position while retaining a large remaining stake in the company.

Insights

Equity ownership & governance analyst

Fluor’s pre-planned 13.5M-share sale trims, but does not exit, its NuScale stake.

Fluor Corporation, through subsidiary Fluor Enterprises, Inc., executed an open-market sale of 13,500,000 shares of NuScale Power Class A stock at $12.0665 per share. The remaining indirect holding is 26,436,472 shares, so Fluor continues as a significant shareholder and director-level insider.

The filing notes the sale was made pursuant to a previously disclosed agreement, suggesting the transaction followed a pre-arranged framework rather than opportunistic timing. That can reduce the informational value of the sale for interpreting Fluor’s current view of NuScale.

This is a sizable reduction in Fluor’s indirect position, but not a full exit. The key context from this filing is the magnitude of shares sold versus the still-large holding. Future ownership updates in later filings will show whether Fluor continues to trim or stabilizes its stake.

Insider Trade Summary

Net Seller: 13,500,000 shares ($162,897,750)

Net Sell 1 txn

Insider FLUOR CORP

Role Director, 10% Owner

Sold 13,500,000 shs ($162.90M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	13,500,000	$12.0665	$162.90M

Holdings After Transaction: Class A Common Stock — 26,436,472 shares (Indirect, See footnote)

Footnotes (1)

1. Sale was made pursuant to a previously disclosed agreement. The shares of Class A Common Stock reported on this Form 4 are beneficially owned by Fluor Enterprises, Inc., which is a wholly owned subsidiary of Fluor Corporation, whose principal place of business is 6700 Las Colinas Boulevard, Irving, Texas 75039.

Key Figures

Shares sold: 13,500,000 shares Sale price per share: $12.0665 per share Shares owned after sale: 26,436,472 shares +1 more

4 metrics

Shares sold 13,500,000 shares Open-market sale of NuScale Class A Common Stock

Sale price per share $12.0665 per share Average price for the 13,500,000-share sale

Shares owned after sale 26,436,472 shares Indirectly beneficially owned by Fluor Enterprises, Inc. after transaction

Net shares sold 13,500,000 shares Net sell direction from transaction summary

Key Terms

open-market sale, beneficially owned, indirect ownership, previously disclosed agreement

4 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

beneficially owned financial

"The shares of Class A Common Stock reported ... are beneficially owned by Fluor Enterprises, Inc."

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

indirect ownership financial

""direct_or_indirect": "I","nature_of_ownership": "See footnote""

previously disclosed agreement regulatory

"Sale was made pursuant to a previously disclosed agreement."

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

FLUOR CORP

(Last) (First) (Middle)

6700 LAS COLINAS BLVD.

(Street)

IRVING TEXAS 75039

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NUSCALE POWER Corp [ SMR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/09/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	04/09/2026		S(1)		13,500,000	D	$12.0665	26,436,472	I	See footnote(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Sale was made pursuant to a previously disclosed agreement.

2. The shares of Class A Common Stock reported on this Form 4 are beneficially owned by Fluor Enterprises, Inc., which is a wholly owned subsidiary of Fluor Corporation, whose principal place of business is 6700 Las Colinas Boulevard, Irving, Texas 75039.

Remarks:

	/s/ Kevin B. Hammonds, Chief Legal Officer and Corporate Secretary	04/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Fluor Corp report in its Form 4 for NuScale Power (SMR)?

Fluor Corp reported an open-market sale of 13,500,000 NuScale Power Class A shares at $12.0665 each. The transaction was disclosed as part of a Form 4 insider trading report, reflecting changes in Fluor’s indirect equity stake in NuScale.

How many NuScale Power (SMR) shares did Fluor Corp sell and at what price?

Fluor Corp reported selling 13,500,000 shares of NuScale Power Class A Common Stock at an average price of $12.0665 per share. This large transaction was categorized as an open-market or private sale under transaction code “S.”

How many NuScale Power (SMR) shares does Fluor hold after this transaction?

After the sale, an affiliated subsidiary of Fluor, Fluor Enterprises, Inc., beneficially owns 26,436,472 NuScale Power Class A shares indirectly. This means Fluor remains a significant shareholder even after reducing its position by 13,500,000 shares in this transaction.

Who actually owns the NuScale Power (SMR) shares reported by Fluor Corp?

The NuScale Power shares on this Form 4 are beneficially owned by Fluor Enterprises, Inc., a wholly owned subsidiary of Fluor Corporation. Fluor reports the position because of its indirect ownership through this subsidiary and its status as a director and major shareholder.

Was Fluor Corp’s NuScale Power (SMR) share sale pre-planned?

The footnotes state the sale was made pursuant to a previously disclosed agreement. This indicates the 13,500,000-share disposition followed a pre-arranged framework rather than an unplanned, discretionary trade, which can affect how investors interpret the timing of the sale.